Couchbase, Inc. (NASDAQ:BASE) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Couchbase, Inc. (NASDAQ:BASE) have earned a consensus recommendation of “Moderate Buy” from the sixteen ratings firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have given a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $23.13.

A number of research analysts have recently weighed in on the company. Stifel Nicolaus lifted their price objective on Couchbase from $20.00 to $22.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Truist Financial initiated coverage on shares of Couchbase in a report on Thursday, December 12th. They set a “buy” rating and a $21.00 price target on the stock. Morgan Stanley dropped their price target on shares of Couchbase from $27.00 to $25.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 4th. Wedbush assumed coverage on shares of Couchbase in a research report on Thursday, October 17th. They set an “outperform” rating and a $26.00 price objective on the stock. Finally, Oppenheimer dropped their target price on shares of Couchbase from $25.00 to $23.00 and set an “outperform” rating for the company in a report on Thursday, September 5th.

Couchbase Stock Performance

NASDAQ BASE opened at $15.44 on Monday. The business’s fifty day moving average is $17.66 and its 200 day moving average is $17.39. Couchbase has a fifty-two week low of $13.53 and a fifty-two week high of $32.00. The company has a market capitalization of $808.25 million, a PE ratio of -9.65 and a beta of 0.71.

Insider Buying and Selling

In related news, SVP Huw Owen sold 6,736 shares of the firm’s stock in a transaction on Friday, September 27th. The shares were sold at an average price of $15.07, for a total value of $101,511.52. Following the completion of the transaction, the senior vice president now directly owns 373,647 shares of the company’s stock, valued at approximately $5,630,860.29. This trade represents a 1.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders have sold 10,548 shares of company stock worth $163,390. Corporate insiders own 16.10% of the company’s stock.

Institutional Investors Weigh In On Couchbase

A number of hedge funds have recently bought and sold shares of BASE. Ashton Thomas Private Wealth LLC purchased a new position in shares of Couchbase in the 2nd quarter worth $47,000. Point72 Hong Kong Ltd bought a new position in shares of Couchbase in the 2nd quarter valued at about $67,000. Harbor Capital Advisors Inc. grew its position in Couchbase by 15.9% in the third quarter. Harbor Capital Advisors Inc. now owns 6,968 shares of the company’s stock worth $112,000 after acquiring an additional 956 shares in the last quarter. Arizona State Retirement System increased its stake in Couchbase by 28.5% during the second quarter. Arizona State Retirement System now owns 11,032 shares of the company’s stock worth $201,000 after acquiring an additional 2,445 shares during the last quarter. Finally, Point72 Asset Management L.P. raised its position in Couchbase by 5.7% during the second quarter. Point72 Asset Management L.P. now owns 13,000 shares of the company’s stock valued at $237,000 after purchasing an additional 700 shares during the period. Hedge funds and other institutional investors own 96.07% of the company’s stock.

About Couchbase

Couchbase, Inc provides cloud database platform for enterprise applications in the United States and internationally. Its database works in multiple configurations, ranging from cloud to multi- or hybrid-cloud to on-premise environments to the edge. The company offers Couchbase Capella, an automated and secure Database-as-a-Service that simplifies database management by deploying, managing, and operating Couchbase Server across cloud environments; and Couchbase Server, a multi-service NoSQL database, which provides SQL-compatible query language and SQL++ that allows for a various array of data manipulation functions.